Tulip Incorporated uses standard costing, and its manufacturing standards are as follows: 7.0 pounds of materials at $11.0 per pound, and 13 hours of labor at $20 per hour. Budgeted production last period was 6,000 units, and actual production was 4,300 units. Last period, Tulip purchased and used 34,800 pounds of materials for $203,000, and used 16,000 labor hours, costing $155,000. What is the journal entry to record the transfer of materials to the Work in Process account?

Multiple Choice

A

Work in Process Inventory	203,000
Direct Materials Inventory		203,000

B

Work in Process Inventory	331,100
Direct Materials Quantity Variance	51,700
Direct Materials Inventory		382,800

C

Work in Process Inventory	382,800
Direct Materials Quantity Variance		51,700
Direct Materials Inventory		331,100

D

Work in Process Inventory	331,100
Direct Materials Inventory		331,100